Samsung is known to offer attractive trade-in programs for its flagship devices. If you want to buy the Galaxy S20 but are wary of spending $1,000+ on it, the company's new buy-back program in the United States will definitely catch your attention.

Under this new guaranteed buy-back program, Samsung is promising customers up to 50% of the full retail price of the Galaxy S20, S20+, or the S20 Ultra if they return their device within 24 months. This means that if you buy the $1,400 Galaxy S20 Ultra and return it to Samsung within 24 months, you will get up to $699.99 back for it. There are a few terms and conditions you must be aware of though.

Samsung says that your device must be in "satisfactory condition" when you decide to return it anytime within 24 months. This means that it must power on, have a functioning display that's not broken, the body of the device must not have any breaks or cracks, and there should not be any other defects beyond normal wear and tear. You will also have to buy the Galaxy S20 directly from Samsung's website, the buy-back program is not applicable for purchases made from retail or carrier stores. You can find the full terms and conditions of the buy-back program here.